David Jones

About the Author David Jones


Wall Street

Stock Price Rises as Twitter Slashes Jobs, Uproots Vine

Twitter shares were up Friday following a third-quarter earnings report that beat Wall Street estimates despite declining revenue growth. Twitter also announced a widely expected round of job cuts and the unexpected shutdown of Vine. Twitter has been on financial oxygen in recent weeks, after failing to find a buyer. Investors applauded the news that it will slash 9 percent of its workforce.

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Mobile

IBM’s Watson Smartens Up iOS Enterprise Apps

IBM has announced that it will incorporate its IBM Watson cognitive capabilities into the MobileFirst for iOS ecosystem to help boost the productivity of the global workforce. It was a little more than two years ago that the company entered a groundbreaking partnership with Apple to enhance the mobile enterprise space. The move is part of an overall rollout of enhancements to IBM’s Watson tech.

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Social Networking

Social Media Analytics, Meet Big Brother

The ACLU recently uncovered evidence that led Twitter, Facebook and its Instagram subsidiary to stop sharing data with Geofeedia, a firm accused of improperly collecting social media data on protest groups, and sharing that information with numerous law enforcement agencies. Geofeedia, a developer of location-based analytics, had been marketing its technology to law enforcement agencies.

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Software

Antique Kernel Flaw Opens Door to New Dirty Cow Exploit

A Linux security vulnerability first discovered more than a decade ago once again poses a threat, Red Hat warned last week, as an exploit that could allow attackers to gain enhanced privileges on affected computers has turned up in the wild. Users need to take steps to patch their systems to prevent the exploit, known as “Dirty Cow,” from granting access to unprivileged attackers.

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Tech Law

Samsung Bows Under Note7 Fallout

Three owners of Galaxy Note7 smartphones this week filed a complaint in a federal court in Newark, New Jersey, that could become a class action lawsuit against Samsung. “Plaintiffs and the Class have suffered injury in fact, incurred millions of dollars in fees, and have otherwise been harmed by Samsung’s conduct,” the complaint states. Samsung has recalled the phones and stopped producing them.

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Hacking

Assange Lives to Leak Another Day

The status of WikiLeaks founder Julian Assange grew a bit murky on Tuesday after the group accused the U.S. State Department of pressuring Ecuadorian officials to block him from posting additional emails linked to presidential candidate Hillary Clinton. The Ecuadorian foreign ministry on Tuesday acknowledged restricting Assange’s access, saying it did not wish to interfere in a foreign election.

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Deals

Verizon Signals Cold Feet Over Yahoo Deal

Verizon last week indicated that its $4.8 billion acquisition of Yahoo could be in jeopardy in light of the company’s delay in disclosing a massive 2014 data breach that compromised about 500 million account holders. Verizon may need some additional assurances, suggested General Counsel Craig Silliman. “I think we have a reasonable basis to believe right now that the impact is material.”

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Deals

Verizon Signals Cold Feet Over Yahoo Deal

Verizon last week indicated that its $4.8 billion acquisition of Yahoo could be in jeopardy in light of the company’s delay in disclosing a massive 2014 data breach that compromised about 500 million account holders. Verizon may need some additional assurances, suggested General Counsel Craig Silliman. “I think we have a reasonable basis to believe right now that the impact is material.”

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Wall Street

Samsung Down, Galaxy Note7 Out

Samsung shares fell sharply on Tuesday after the company confirmed reports that it had halted production of its flagship Galaxy Note7 smartphone, just launched this summer. The move came after several replacement phones reportedly smoldered or caught fire. Shares fell 8 percent in the Korean market. Samsung had been working with the U.S. CPSC on a voluntary recall and replacement program.

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Wall Street

Samsung Down, Galaxy Note7 Out

Samsung shares fell sharply on Tuesday after the company confirmed reports that it had halted production of its flagship Galaxy Note7 smartphone, just launched this summer. The move came after several replacement phones reportedly smoldered or caught fire. Shares fell 8 percent in the Korean market. Samsung had been working with the U.S. CPSC on a voluntary recall and replacement program.

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